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. >> can you explain to me, paul, why does it in and of itself a higher wage mean greater efficiency. in and of itself, why does one equal the other? >> so the well recognized efficiency gaines from higher wages are reduced employee turnover recruitment and retention costs. it's actually surprisingly expensive to replace even a $9 an hour worker. it can cost $2,000, $3,000 a higher. if you are turning to your workforce with it being replaced each year, those are major costs. the high road chains that pay higher wages have much lower costs and they also find -- see that they enjoy the higher curb -- payroll dollar sales and profitability than companies like mcdonald's and walmart. >> paul, thanks for that. a quick reaction from you. look, we know that corporates have taken the greatest share of income out of the economy, right, at the expense of workers. but how much can we take on wages before we get the inflation problem that we've been worrying about? >> well, and to me, that's what i hear sort of the macro story from that around the individual issues is that if you start to get th
. get in touch with us. e-mail us worldwide@cnbc@paul westgate. we have that atm at least a year ago when that was announced as well. >>> a group of major use tech companies are calling on president obama and congress to impose strict limits of surveillance. google, yahoo, facebook and twitter have written a letter. they're calling for an end to what they call mass collection of youth's information, e-mail, contact lists and others. we'll talk about this in the second hour. >>> seceberus capital is bringing in an investor for other sellers. they make the bushmaster weapon used in connecticut. they've been trying to sell the business for the last year. >>> take a short break. still to come. german elections. protests in the west. politics dominating 2013. the next one says it will be a bit risky. here to stay. >>> you're watching "worldwide exchange." i'm ross west gatd. your headlines, europe fails to build on asia. a weakening on the yen. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> hello. warm welcome to you. if you've jus
Search Results 0 to 1 of about 2